FP Markets Review 2026: Costs, Safety, Platforms and Who It Suits

What materially distinguishes it?

Tested directly

• Deposit: We found funding straightforward.
• Withdrawal: We found withdrawals easy. Aline described a different case in which wallet approval took about a day and a USDT withdrawal then remained pending for several more days.
• Order placement: An EA using pending orders produced unexpected market orders with higher latency than expected. The refund request was rejected after the issue was raised.
• Live chat: Chris responded immediately and offered to continue in chat or send the details by email.
• Email support: We were offered the option of receiving support details by email rather than staying in live chat.
• Phone support: We received assistance by phone and chat.

Verified from primary sources

The regulatory records identify the relevant regulators and contracting entities, but do not independently verify execution or individual customer interactions.

Not independently verified

We did not independently verify typical execution speed, slippage statistics, liquidity-provider claims or institutional execution claims. A single order-placement experience should not be treated as a measure of typical execution.

FP Markets uses floating spreads. The Standard account has no forex or metals commission, with costs incorporated into a wider spread. The Raw account has spreads from 0.0 pips and charges $3 per side per lot on forex and metals. The cost comparison therefore depends on both spread and commission, not the minimum spread alone.

Account Pricing

The $100 minimum applies to Standard and Raw MT4/MT5 accounts. IRESS accounts, designed for share CFDs and DMA trading, have a $1,000 minimum deposit. The account minimum-spread figures are starting levels; they are not the same as typical spreads. FP Markets quotes average spreads of 1.28 pips for EUR/USD and 1.51 pips for GBP/USD. These averages provide a different reference point from the advertised minimums.

What the Headline Number Doesn't Tell You

Raw-account spread

Advertised spread: From 0.0 pips.

What that doesn't tell you:
The Raw account adds a $3-per-side-per-lot commission on forex and metals. The total trading cost includes both the spread and that commission.

Non-Trading Costs

Eligible positions held past the daily rollover can incur or receive swaps. Rates vary by instrument, size, direction, benchmark rates and holding period; Wednesday rollover is tripled for relevant positions. Swap-free Islamic accounts are offered on Standard and Raw accounts through MT4, MT5 and cTrader, with fixed administration fees replacing swaps.

Cost most worth watching

For frequent forex or metals trades, compare Raw pricing (spread plus commission) with the Standard spread. For overnight positions, include the applicable swap or Islamic-account administration fee.

FP Markets operates through different legal entities, so the protections and conditions that apply depend on where the client is registered and which entity contracts with them.

Legal Entity Map

Why the entity matters

Australian clients using First Prudential Markets Pty Ltd fall under the ASIC framework. EEA clients using First Prudential Markets Ltd must use the separate fpmarkets.eu route. FP Markets (Pty) Ltd serves South African clients or clients routed to that entity. The applicable leverage, protections and product terms can therefore differ by entity and client classification.

Client Protection

FP Markets says it segregates client funds from its corporate funds and holds them in separate trust accounts with banks it describes as AA- rated. It also offers negative balance protection, although the protection may depend on the relevant entity and account terms. Eligible retail clients of the CySEC-regulated EU entity may have Investor Compensation Fund cover up to €20,000; non-EU entities generally do not have that scheme. These protections do not remove the risk of losses from leveraged trading or market movements.

FP Markets offers leveraged exposure across several asset classes. Share and ETF exposure is through CFDs, so a CFD position does not confer ownership of the underlying shares or voting rights.

Where the range is strongest

The range is particularly broad in share CFDs, with 10,000 instruments, and includes more than 300 ETF CFDs on the Australia ETF offering. Product availability can differ by legal entity.

Where it is limited

Options are not offered as a standard retail product. The stock and ETF counts refer to CFDs rather than directly owned securities. Retail leverage is limited by instrument and jurisdiction; the 1:30 forex figure is not the same as the broker’s higher maximum leverage for eligible clients in other circumstances.

Available Platforms

Core Experience

MT4 and MT5 support Expert Advisors, while cTrader supports cBots written in C# or Python. cTrader Open API can connect custom trading applications. TradingView supports chart-based research and alerts; a Pine strategy by itself is not universal unattended execution through a broker.

Charting

TradingView is positioned for advanced charting and Pine Script research. cTrader also offers advanced charting, and FP Markets supports direct TradingView trading for Raw account holders.

Advanced Features

FP Markets supports copy and social trading, including a Social Trading platform and Myfxbook AutoTrade. Followers can review provider performance statistics and set allocation and copying preferences. FP Markets also offers forex VPS hosting for automated trading. The service can be free after qualifying monthly trading volumes: 10 standard lots on a Standard account or 20 lots on a Raw account. New traders may qualify for sponsored VPS service with an initial $1,000 deposit and the required trading volume.

Mobile Experience

MT4, MT5, cTrader and TradingView have iOS and Android versions. FP Markets also offers its own mobile app for account management, position monitoring and trade execution.

Main Platform Trade-Off

Best aspect: Several established platforms cover desktop, web and mobile use, with distinct automation options across MT4, MT5 and cTrader.

Main friction point: Full EA development and testing on MetaTrader, and cBot creation and optimisation on cTrader, rely on desktop or VPS rather than browser and mobile clients.

Account Opening

FP Markets requires new clients to complete KYC and AML checks before activating a live account. Verification typically requires a colour copy of a passport, national identity card or driver’s licence, plus a utility bill or bank statement issued within the previous six months. A demo account is also available.

The minimum deposit is $100 for Standard and Raw MT4/MT5 accounts. IRESS accounts have a $1,000 minimum. Account eligibility and terms depend on the client’s location and contracting entity.

Deposits and Withdrawals

Deposit options include Visa, Mastercard, Skrill, PayPal, POLi, Apple Pay, Google Pay, wire transfer, Neteller, B2BinPay, Finrax and LetKnow. Withdrawal options include wire transfer, Visa, Mastercard, Skrill, PayPal, Apple Pay, Google Pay, Neteller, B2BinPay, Finrax and LetKnow. FP Markets lists USD, EUR, GBP, SGD, CHF, CAD, JPY, HKD, PLN, ZAR, MXN and BRL as base account currencies.

Processing time is not always the same as final settlement time: card and bank-transfer withdrawal estimates are stated after processing, while e-wallet timing varies by method. Provider or bank charges may apply even where the broker does not charge its own fee.

FP Markets describes its execution model as ECN/STP, with access to liquidity providers and no traditional dealing desk. These are broker descriptions of its execution model, not independently established execution statistics. FP Markets records that positive or negative slippage can occur.

Scalping, hedging and news trading are allowed. The broker’s stated policy prohibits abusive trading, including exploiting pricing inaccuracies, latency arbitrage or manipulating systems. During high-impact news, spreads can widen and slippage may occur; stop orders may fill at a worse price than expected.

The stated margin-call level is 100%, with a 50% stop-out level. Maximum leverage depends on account type and legal entity. FP Markets advertises up to 500:1 for forex and major currency pairs in applicable circumstances, while retail leverage is capped by local rules; for example, major forex pairs are capped at 30:1 for UK and EU retail residents under the described retail limits. Professional-client eligibility and regional regulation affect the leverage available.

Research and Tools

FP Markets provides market research, trading ideas, an economic calendar, market sentiment, Market Buzz and technical analysis. It also lists real-time macroeconomic news feeds and economic calendars among the tools available through its trading services.

Education

Educational resources include courses, webinars, articles, guides, videos and tutorials.

Customer Services

Support is available through chat, email, phone, callback and a help centre. Support languages include Arabic, Dutch, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Mandarin Chinese, Polish, Portuguese, Russian, Spanish, Thai and Vietnamese. FP Markets lists 24/7 support hours. Some verification cases can take longer to resolve.

Check these three things first

1. Your legal entity: Confirm which FP Markets entity will contract with you. Entity and client classification affect leverage, protections and product terms.
2. Your likely trading cost: Compare the Standard spread with the Raw spread plus its $3-per-side-per-lot forex and metals commission. Include overnight swaps or applicable Islamic-account administration fees if you expect to hold positions overnight.
3. Your product/account requirements: Confirm your chosen instruments are available through the relevant entity, and whether the $100 Standard/Raw or $1,000 IRESS minimum applies.

Bottom line

FP Markets is structured for traders who value platform choice, automation and a choice of spread-only or raw-plus-commission pricing. The contracting entity and total cost of trading are the key checks before funding an account.